June 24, 2024

AndronETalksNews

AndronETalksNews

Gold is getting harder to find as miners struggle to excavate more, World Gold Council says

CNBC

By Lee Ying Shan

June 9, 2024

The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council.

“We’ve seen record first quarter mine production in 2024 up 4% year on year. But the bigger picture, I think about mine production is that, effectively, it plateaued around 2016, 2018 and we’ve seen no growth since then,” WGC Chief Market Strategist John Reade said.

Read more…